Is Spring Valley, IL 61362 a buyer’s or seller’s market?

The Spring Valley housing market right now

In the three months ending August 31, 2026, 25% of homes in Spring Valley, IL 61362 sold above their list price, the typical home went under contract in 73 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold more slowly (56 days then) and the median sale price fell 17% to $142,938. Overall, Spring Valley is less competitive than a year ago, which gives buyers more room.

Within Bureau County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Spring Valley ranks #437 of 464 IL ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Wyanet 61379 (0% sold over asking) or Walnut 61376 (0% sold over asking), while Dalzell 61320 (100% sold over asking) and Cherry 61317 (50% sold over asking) are even more competitive.